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Samuelson's approach to revealed preference theory : some recent advances

Demuynck, Thomas; Hjertstrand, Per - 2019

Since Paul Samuelson introduced the theory of revealed preference, it has become one of the most important concepts in …, which provides the conditions for a data set to be consistent with the utility maximization hypothesis. We provide and …

Persistent link: https://www.econbiz.de/10012007070

Mixed integer programming revealed preference tests of utility maximization and weak separability of consumption, leisure, and money

Hjertstrand, Per; Swofford, James L.; Whitney, Gerald A. - In: Journal of money, credit and banking : JMCB 48 (2016) 7, pp. 1547-1561

Persistent link: https://www.econbiz.de/10011707940

Mutually consistent revealed preference bounds

Adams, Abi - 2015

Revealed preference restrictions are increasingly used to bound demand responses and as shape restrictions in nonparametric estimation exercises. However, the restrictions imposed are not sufficient for rationality when predictions are made at more than a single price regime. We highlight the...

Persistent link: https://www.econbiz.de/10011307801

Revealed Preference Tests for Weak Separability : An Integer Programming Approach

Cherchye, L. - 2011

with the maximization of a weakly separable utility function. From a theoretical perspective, we show that verifying these … showing that it also allows for testing homothetic separability and weak separability of the indirect utility function. We …

Persistent link: https://www.econbiz.de/10013118211

Is Utility Transferable? A Revealed Preference Analysis

Cherchye, Laurens; Demuynck, Thomas; Rock, Bram de - 2011

We provide a revealed preference analysis of the transferable utility hypothesis, which is widely used in economic … consistent with Pareto efficiency under transferable utility. Next, we show that these conditions are easily testable by means of … data. To the best of our knowledge, this is the first empirical test of the transferable utility hypothesis …

Persistent link: https://www.econbiz.de/10014185457

Remarks on Afriat's theorem and the Monge-Kantorovich problem

Kolesnikov, Alexander V.; Kudryavtseva, Olga V.; … - In: Journal of mathematical economics 49 (2013) 6, pp. 501-505

Persistent link: https://www.econbiz.de/10010460318

Is Utility Transferable? A Revealed Preference Analysis

Cherchye, Laurens - 2011

Persistent link: https://www.econbiz.de/10013129058

Revealed preference tests for weak separability : an integer programming approach

Cherchye, Laurens; Demuynck, Thomas; Rock, Bram de; … - In: Journal of econometrics 186 (2015) 1, pp. 129-141

Persistent link: https://www.econbiz.de/10011349524

An axiomatic justification of scalar optimization

Mališevskij, Andrej V. - In: Constructing scalar-valued objective functions : …, (pp. 41-52). 1997

Persistent link: https://www.econbiz.de/10001321741

Computing revealed preference goodness-of-fit measures with integer programming

Demuynck, Thomas; Rehbeck, John - In: Economic theory 76 (2023) 4, pp. 1175-1195

Persistent link: https://www.econbiz.de/10014426093